Energy and competition

Panagiotis Fotis and Maria Korre

Chapter 31 in Elgar Encyclopedia of Energy Economics, 2025, pp 124-126 from Edward Elgar Publishing

Abstract: Effective competition results in products and services with added value, by means of reduced prices, enhanced quality and wider consumer choice. Competition policy relates to green growth through substantive competition rules fostering social or ecological purposes and through the enhanced application of competition laws. Competition policy may play a crucial role by enhancing sustainability through competition rules as well as by offering incentives to firms to improve technological progress towards greener technologies and to avoid investments funds being channelled to brown technologies for short-term returns. National competition authorities must be the mechanism fostering sustainable growth by considering various aspects of externalities and comparing discounted gains against environmental costs. Recently, the Greek competition authority introduced Article 37A of Greek Competition Law No. 3959/11 to implement, among other things, sustainable development objectives.

Keywords: Competition Policy; Sustainable Development; Energy; SDGs; 2030 Agenda; European Green Growth Agenda (search for similar items in EconPapers)
Date: 2025
ISBN: 9781035310364
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